Business Plan Final

May 9, 2018 | Author: Aaron Giel Españo | Category: Income Statement, Depreciation, Chocolate, Equity (Finance), Business Economics
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Business Plan of Ahaba incorporation...

Description

Lyceum of the Philippines Manila College of Business Administration

In Partial Fullfillment for the requirements In Entrepreneurship Management

A Business Plan of Ahabah Chocolate Incorporation

Submitted by: Espano, Aaron Giel Cuneta, Zacharie Dimaranan, Alanis Manet Esguerra, Christian

Submitted to: Ms. Stephanie Joyce Relucio

Lyceum of the Philippines Manila College of Business Administration

Table of Contents

I. II.

Executive Summary Introduction i. General Company Business ii. Vision iii. Mission iv. Objectives v. Description of the business vi. Description of products and services

3

4

5 6

III. Market Analysis i. Market Plan ii. Target Market iii. Trends iv. Barrier v. Demographics vi. Place vii. Price viii. Product ix. Promotion

10 11 13 15 18

IV. Management and Organization

24

V. Operational Plan i. Production ii. Manufacturing Process iii. Personnel iv. Inventory v. Location vi. Suppliers

8 9

27 28

29

VI. Financial Plan i. Income Statement ii. Balance Sheet

30 31

VII. Supporting Documents

32

Lyceum of the Philippines Manila College of Business Administration

Table of Contents

I. II.

Executive Summary Introduction i. General Company Business ii. Vision iii. Mission iv. Objectives v. Description of the business vi. Description of products and services

3

4

5 6

III. Market Analysis i. Market Plan ii. Target Market iii. Trends iv. Barrier v. Demographics vi. Place vii. Price viii. Product ix. Promotion

10 11 13 15 18

IV. Management and Organization

24

V. Operational Plan i. Production ii. Manufacturing Process iii. Personnel iv. Inventory v. Location vi. Suppliers

8 9

27 28

29

VI. Financial Plan i. Income Statement ii. Balance Sheet

30 31

VII. Supporting Documents

32

Lyceum of the Philippines Manila College of Business Administration

Executive Summary Ahabah Chocolate Incorporation is a start-up chocolate manufacturer located in 1388 Bravo Street, Orientville, Molino Bacoor Cavite. Ahabah Chocolate Inc. expects to catch the interest of the consumer with its newly adopted product. The company plans to  build a strong market position in our target market by adapting and developing marketing strategies which will guide us to introduce our product a nd penetrate our target market.

Ahabah Chocolate Incorporation aims to offer its products at a lower but competitive price in order to meet the demand d emand of our target market starting from lower middle class to upper class.

Ahabah Chocolate Incorporation has P3,000,000.00 of its capital coming from the incor-porators, investors and loaned P 1,000,000.00 from the Bank of the Philippines as a ten-year loan. With this, Ahabah has a total o f P4,000,000.00 as a capital c apital to start up the  business.

Lyceum of the Philippines Manila College of Business Administration

General Company Business Our company will be in the chocolate business. Our company will be involved in manufacturing of chocolates.

Vision Our vision is a world in which every individual deserves a chocolate that will put a smile on their lips.

Mission We seek to produce a high quality of chocolate at a competitive  price to provide high satisfaction to customers.

Objectives 

To manufacture and provide the customers with the quality chocolate to the best interest of the customers.



To strive to meet and exceed customer’s expectations to ensure a sustainable business relationship.



To ensure a hygiene and clean working environment as to continue to produce safe and tasty chocolates

Lyceum of the Philippines Manila College of Business Administration

Description about business Today chocolates became the comfort food for many individuals, they said that it gives comfort and it relives the stress that they were facing Campos O.(2016, July 9) Chocolate sales seen rising on

millennials’  strong

demand . Also, many

 became addicted to chocolates not just because of the comfort that it gives but also the taste that our brain would seek for. It allows a lot of opportunities in the field of business which gives advantage to society. Many firm started to study and develop the taste of the different type of chocolates so that it will be available to everyone starting from pre-teens to adulthood.

Ahabah Incorporation is a manufacturing company that offers chocolates which are localized in the Philippines. We used the cocoa tablea that were produce in the different cocoa plantation in the Philippines. One of our goal is to create high qu ality local chocolates at a competitive price.

Lyceum of the Philippines Manila College of Business Administration

Description about the products and services. Ahabah Chocolate Incorporation adapted one of the ideas of the Hershey’s company which is the Reese’s chocolate, Ahabah Chocolate Incorporation will localize the said idea but we will give more focus on using a highly quality of ingredients which came also from domestic products starting from cocoa tablea, Peanut Butter, milk, and the other ingredients. It also adapts the idea of being nationalistic, that as a Filipino we should give more emphasis in our local products so that we will always be reminded who we are that our identity will not base on the countries that conquer us but we will establish our own identity since we are a nation in which strong heart and being responsible exists. We proudly introduce our pure Filipino product the “Lunchees”.

Lyceum of the Philippines Manila College of Business Administration

Feature and Benefits

Milk chocolate with Peanut Butter 

Milk chocolate is a stimulator, to the brain, to the emotions, and it also increase your stamina



Milk chocolate is high in Vitamin B1, B2, D and E. It also contains potassium and magnesium



Eating peanuts can reduce the risk of diabetes according to a study published in the Journal of the American Medical Association.



Studies found peanuts lowered the risk of cardiovascular and coronary heart disease.

Figure 1

Figure 1.1

Figure 1.2

Lyceum of the Philippines Manila College of Business Administration

Marketing Plan

The chocolate industry in the Philippines has recently experienced a rapid growth (“Philippines Trends and Developments in the Confectionery Sector Market Research Report Share”, 2017). Many entrepreneurs started to invest in this kind of industry due to its uniqueness especially when the products are Filipino made that will serve as the asset of the company. With this idea it will be a great opportunity for the entrepreneurs to

enter in this kind of field also it gives support to our local products in the Philippines. Ahabah Chocolate Incorporation wants to establish a large regular customer  base, and will therefore concentrate its business and marketing to the people inside Intramuros, which will be the dominant target market. This will build a healthy and consistent revenue base to ensure the growth and stability of the business. High visibility and com petitive products are critical to capture this segment of market. The total respondents of the survey that we will implement will based on the population of Intramuros using Slovin’s Formula. Slovin’s Formula

10,384 1 + (10,3840.052 )

=385.16 n=385 Where N= 10,384 E=0.05

Lyceum of the Philippines Manila College of Business Administration

Target Market Ahabah Chocolate Incorporation wants to engage the people inside Intramuros as their target market. From lower middle class to upper class.

Trends 

The range and variety of chocolates in the market starts to increase day  by day, which gives to many companies an opportunity to introduce their products



Chocolates which considered as unaffordable turns to reach the lower class of the market.



Branded chocolates have become more popular than before.



Many consumers became obsessed to chocolates, due to the comfort that it gives.

Barriers 

High capital requirements for start-up



High level of competition from well established brands



To keep the price of the chocolate low, as it is a price sensitive market

Lyceum of the Philippines Manila College of Business Administration

Demographics Profile of Respondents around Intramuros Table 1 Frequency Distribution Table of Respondents According to Gender Gender Male Female Total

Frequency 192 208 400

Percentage(%) 48% 52% 100%

Table 1 shows the distribution of respondents according to gender of the 400 respondents 192 or 48% are male and 208 or 52% are female.

Table 1.1 Frequency Distribution Table of Respondents According to Age Age 16 17 18 19 20 21 22 23 24 28 Total

Frequency 3 23 82 143 84 20 17 17 7 4 400

Percentage(%) 0.75% 5.75% 20.5% 35.75% 21% 5% 4.25% 4.25% 1.75 1% 100%

Table 1.1 shows the distribution of respondents according to age of the 400 respondents, 3 or 0.75% are 16 years old, 23 or 5.75% are 17 years old, 82 or 20.5% are 18 years old, 143 or 35.75% are 19 years old, 84 or 21% are 20 years old, 20 or 5% are 21 years old, 17 or 4.25% are 22 years old, 17 or 4.25% are 23 years old, 7 or 1.75% are 24 years old, and 4 or 1% are 28 years old.

Lyceum of the Philippines Manila College of Business Administration

Place Table 2 Frequency Distribution Table of Respondents According to Purchase Frequency Purchase Frequency 1-2 a week 3-4 a week 5-6 a week More Than 6 a week Total

Frequency 220 138 30 12 400

Percentage 55% 34.50% 7.50% 3% 100%

Table 2 shows the distribution of purchase frequency of 400 respondents, 220 or 55% answered 1-2 a week, 138 or 34.50% answered 3-4 a week, 30 or 7.50% answered 56 a week, and 12 or 3% answered more than 6 a week.

Table 2.1 Frequency Distribution Table of Respondents According to Market Place Market Place Convenience Store Grocery Store Mall Sari-Sari Store Public Maket Total

Frequency 198 54 118 25 5 400

Percentage 49.4% 13.6% 29.6% 6.2% 1.2% 100

Table 2.1 shows the distribution of market place of 400 respondents, 198 or 49.4% answered convenience store, 54 or 13% answered grocery store, 118 or 29.6% answered mall, 25 or 6.2% answered sari-sari store and 5 o r 1.2% answered public market.

Lyceum of the Philippines Manila College of Business Administration

Strategy and Implementation The marketing strategy that Ahabah Incorporation will use is distribution strategy specifically indirect distribution in which our compan y will give focus on distributing our products on convenience store around Intramuros and in SM Manila which based on the survey, convenience store got the 49.4% of the total respondents and Mall got the 29.6% of the total respondents. Strategically, we identified a lot of convenience store around Intramuros which will serve as an advantage for ou r company.

Figure 2

Lyceum of the Philippines Manila College of Business Administration

Price Table 3 Frequency Distribution Table of Respondents According to Average Spending Average Spending Less than P50.00 P51.00 –   P75.00 P76.00 –   P100.00 P100.00 above Total

Frequency 96 147 106 51 400

Percentage 23.9% 36.8% 26.4% 12.9% 100%

Table 3 shows the distribution of average spending of 400 respondents, 96 or 23.9% answered Less than P50.00, 147 or 36.8% answered P51.00 –   P75.00, 106 or 26.4% answered P76.00 –  P100.00, and 51 or 12.9% answered P100.00 above. Table 3.1 Frequency Distribution Table of Respondents According to Spending Appetite Spending Appetite Below P100.00 P101.00  –   P150.00 P151.00  –   P200.00 P200.00 and above Total

Frequency 140 167 56 37 400

Percentage 35% 41.7% 14.1% 9.2% 100%

Table 3.1 shows the distribution of spending appetite of 400 respondents, 140 or 35% answered below P100, 167 or 41.7% answered P101.00 –   P150.00, 56 or 14.1% answered P151.00 –  P200.00, and 37 or 9.2% answered P200.00 and above.

Lyceum of the Philippines Manila College of Business Administration

Strategy and Implementation Ahabah Chocolate Incorporation will adapt Penetration Pricing Strategy to be able to introduce our product in our target market efficiently and effectively. This involves the low pricing of our product to attract our potential customers. The idea is that the business will be able to raise awareness and get our target market to try the product. Even though  penetration pricing may initially create a loss for the company, the hope is that it will help to generate word-of-mouth and create awareness among a crowded market category.

Lyceum of the Philippines Manila College of Business Administration

Product Table 4 Frequency Distribution Table of Respondents According to Preferred Brands Preferred Brands Reeses Goya Hany Hersheys Cadburry Others Total

Frequency 132 42 32 86 66 42 400

Percentage 33.1% 10.4% 8% 21.5% 16.6% 10.4% 100%

Table 4 shows the distribution of preferred brands of 400 respondents, 132 o r 33.1% answered Reeses, 42 or 10.4% answered Goya, 32 or 8% answered Hany, 86 or 21.5% answered Hersheys, 66 or 16.6% answered Cadburry and 42 or 10.4% answered others.

Table 4.1 Frequency Distribution Table of Respondents According to Preferred Taste Preferred Taste Plain With peanut butter With peanut With almonds With raisins With caramel Others Total

Frequency 189 86 12 89 10 12 2 400

Percentage 47.2% 21.5% 3.1% 22.1% 2.5% 3.1% 0.6% 100%

Table 4.1 shows the distribution of preferred taste of 400 respondents, 189 or 47.2% answered plain, 89 or 22.1% answered with almonds, 86 or 21.5% answered with peanut  butter, 12 or 3.1% answered with peanut, 12 or 3.1% answered with caramel, 10 or 2.5% answered with raisins and 2 or 0.6% answered others.

Lyceum of the Philippines Manila College of Business Administration

Table 4.2 Frequency Distribution Table of Respondents According to Preferred Shape Preferred Shape Cirlce Rectangle Heart Assorted Shape Total

Frequency 61 132 24 183 400

Percentage 15.3% 33.1% 6.1% 45.4% 100%

Table 4.2 shows the distribution of preferred shape of 400 respondets, 183 or 45.4% answered assorted shape, 132 or 33.1% answered rectangle, 61 or 15.3% answered circle and 24 or 6.1% answered heart shape.

Table 4.3 Frequency Distribution Table of Respondents According to Preferred Flavor Preferred Flavor Milk Chocolate Dark Chocolate Mocha White Chocolate Green tea Others Total

Frequency 225 66 47 37 20 5 400

Percentage 56.4% 16.6% 11.7% 9.2% 4.9% 1.2% 100%

Table 4.3 shows the distribution of preferred flavor of 400 respondents, 225 or 56.4% answered milk chocolate, 66 or 16.6% answered dark chocolate, 47 or 11.7% answered Mocha, 37 or 9.2% answered white chocolate, 20 or 4.9% green tea and 5 or 1.2% chose others.

Lyceum of the Philippines Manila College of Business Administration

Strategy and Implementation

From customer’s point of view, chocolate is the product which shows their desire  buying behavior. Customers are looking for quality chocolate that will satisfy their cravings that is why Ahabah Chocolate Incoporation developed “Lunchees” as our product, a milk chocolate that has Peanut Butter filling designed with different kinds of shape. We will also adopt product development in order for us to meet the demand of the customers.

Lyceum of the Philippines Manila College of Business Administration

Promotion Table 5 Frequency Distribution Table of Respondents According to Reason for Buying Reason For Buying Personal Consumption Baking Gift Cooking Total

Frequency 339 27 24 10 400

Percentage 84.7% 6.7% 6.1% 2.5% 100%

Table 5 shows the distribution of reason for bu ying of 400 respondents, 339 or 84.7% chose personal consumption, 27 or 6.7% chose baking, 24 or 6.1% chose gift and 10 or 2.5% chose cooking.

Table 5.1 Frequency Distribution Table of Respondents According to Preferred Packaging Preferred Packaging I don’t mind

Box Wrapper Foil Plastic Wrapper Total

Frequency 196 128 44 32 400

Percentage 49.1% 31.9% 11% 8% 100%

Table 5.1 shows the distribution of preferred packaging of 400 respondents, 196 or 49.1% chose I don’t mind, 128 or 31.9% chose box, 44 or 11% chose wrapper foil and 32 or 8% chose plastic wrapper.

Lyceum of the Philippines Manila College of Business Administration

Table 5.2 Frequency Distribution Table of Respondents According to Interest in Buying Interest in Buying Somewhat Interested Very Interested Not at all Not very Interested Neither nor uninterested Total

Frequency 159 115 52 42 32 400

Percentage 39.9% 28.8% 12.9% 10.4% 8% 100%

Table 5.2 shows the distribution of interest in bu ying of 400 respondents, 159 or 39.9% chose somewhat interested, 115 or 28.8% chose very interested, 52 or 12.9% chose not at all, 42 or 10.4% chose not very interested, 32 or 8% chose neither nor uninterested.

Table 5.3 Frequency Distribution Table of Respondents According to Influence for Buying Influence for Buying Referral Sales/Sales Representative Product demo T.V Commercial Other Total

Frequency 226 93

Percentage 56.4% 23.3%

44 20 17 400

11% 4.9% 4.3% 100%

Table 5.3 shows the distribution of influence for buying of 400 respondents, 226 or 56.4% chose referral, 93 or 23.3% chose sales/sales representative, 44 or 11% product demo, 20 or 4.9% chose T.V Commercial and 17 or 4.3% other.

Lyceum of the Philippines Manila College of Business Administration

Strategy and Implementation In our promotion, Ahabah Chocolate Incorporation will strategize where are the  best place to stand a booth inside Intramuros to promote our product we chose to stand our  booth beside the universities inside Intramuors. We will also use the social media like Facebook and Instragram as the secondary medium for promoting our product. Product giveaways will also be conducted inside Intramuros to entice our target market into trying our  products. Through this strategy it will be a great opportunity to our product to spread around Metro Manila and globally since our there are a lot of students who are schooling inside Intramuros like Lyceum of the Philippines, San Juan De Letran, MAPUA, Pamantasang Lungsod ng Maynila, and Manila High School and also the foreigners who are visiting Intramuros. The marketing strategy that Ahabah Incorporation will use is positioning strategy, knowing that are a lot of competitors that also produced different kinds of chocolates it will be an opportunity for us to introduce our new product in the local market.

Lyceum of the Philippines Manila College of Business Administration

Figure 3

Figure 4

Lyceum of the Philippines Manila College of Business Administration

Figure 5

Lyceum of the Philippines Manila College of Business Administration

SWOT Analysis

Strengths 

   

Pure local made product with quality (Pure local ingredients) Affordable product Marketing Promotions Packaging Strategic Positioning

Weaknesses  

Since we are new in the market, our potential customer might not recognize us



Our potential customers patronize imported products



The taste of our chocolate might not reach the standard of taste of our potential customer.

Opportunities    

There a lot of potential customers Increasing Demand Support of the institution Hard working employees

Saturated Market

Threats 

   

Mindset of our customers regarding to our chocolate. Fortuitous Events Threat of Substitute Buyer Reluctance Established Competitors

Lyceum of the Philippines Manila College of Business Administration

Management and Organization Company Name: Ahabah Chocolate Incorporation Owners and Partners: Alanis Dimaranan

Christian Esguerra Zacharie Cuneta

Type of Ownership:  Corporation

General Manager: Deffer G. Simon Job Description: o

Increasing management’s effectiveness by recruiting, selecting, orienting, training, coaching, counseling, and disciplining managers.

o

Communicating values, strategies, objectives and assigning accountabilities.

o

Accomplishes subsidiary objectives by establishing short term and long term plans,  budgets and result measurements; allocation of resources; making mid-course corrections.

o

Maintains quality service by establishing and enforcing organization standards.

o

Contributes team effort by accomplishing related results as needed.

Lyceum of the Philippines Manila College of Business Administration

Marketing Manager: Zanjie Churara Job Description o

Manage and coordinate all marketing, advertising and promotional staff and activities.

o

Conduct market research to determine market requirements for existing and future  products.

o

Analysis of customer research, current market conditions and competitor information.

o

Develop and implement marketing plans and projects for new existing products.

o

Manage the productivity of the marketing plans and results.

o

Monitor, review and report on all marketing activity and results.

Finance Manager: Levi C. Marampan Job Description: o

Providing and interpreting financial results

o

Monitoring and interpreting cash flows and predicting future trends

o

Developing financial managements mechanisms that minimize financial risk

o

Conducting reviews and evaluations for costs-reduction opportunities

o

Managing company’s financial accounting, monitoring and reporting systems

o

Arranging new sources of finance company’s debt facilities.

Lyceum of the Philippines Manila College of Business Administration

Accountant: Christian Nu Job Description: o

Compile and analyze financial information to prepare financial statements including monthly and annual accounts.

o

Ensure financial records are maintained in compliance with accepted policies and procedures.

o

Prepare financial managements reports

o

Analyze and advise on business operations including revenue, expenditure trends, financial commitments and future revenue.

o

Analyze financial information to recommend or develop efficient use of resources and procedures, provide strategic recommendations and maintain solution for business and financial problem.

Lyceum of the Philippines Manila College of Business Administration

Operational Plan Production

The product will be manufactured by Semi-Automatic Production Line (QH200), with this kind of machine, baking the chocolates, dep ositing, forming and other series procedure can be achieved through the semi-automatic machine which will help our company to maximize the time of production and maintain the quality of our product.

This machine can manufacture 50  –   150 kg chocolates per hour. It can produce chocolates in different shapes which can help to reduce cost of chocolates mould. By producing chocolates in different shapes it will be of our strategy to attract our target market. The production capacity is semi-automated, so the need of worker is comparative less than other manual machine.

Manufacturing Process

Chocolate production is computer controlled process with much of the technology to be able to catch the demand in chocolate industry. Our machines are composed of chocolate cooling tunnels, enrobing machines, coating machines, moulding machines an d packaging machines.

Personnel

The machine is semi-automatic so need of personnel is less but we need skilled worker for packaging and storage of our product. There would be a need of professional for checking and maintaining the quality of product.

Inventory

The basic raw material required for making our is Sugar, Cocoa Tablea, Sweetened Milk, Peanut Butter, Vegetable Oil, Salt, Packaging Materials

Lyceum of the Philippines Manila College of Business Administration

Location

Our manufacturing unit will be located in 1388 Bravo Street, Orientville, Molino Bacoor Cavite.

Suppliers For Cocoa Tablea: 

Choco Vivo Enterpise Ms. Janine Sumbay 09432495910 Mandaue Cebu

For Peanut Butter 

Robanas Incorporation Mr. Robert Macorol 09376578291

For Sweetened Milk 

Rizal Dairy Mr. Antonio Alleje 09273749192 Magnolia Drive, Antipolo, Beverly Hills Subdivision, 1870, Rizal

For Vegetable Oil 

France Reality Corporation Mr. John Fritz Villarel 09324582718 26 Paseo de Roxas Corner Villar St. Makati City

Lyceum of the Philippines Manila College of Business Administration

Financial Plan Ahabah Incorporation raised P3,000,000.00 of its capital coming from the incor porators, investors and to borrow P 1,000,000.00 guaranteed by Bank of the Philippines as a ten-year loan. This provides the bulk of the current financing required.

Projected Income Statement

As the Income Statement table shows, Ahabah Incorporation forecasts to continue its stable growth in profitability over the next three years of o perations. Ahabah Chocolate Incorporation Projected Income Statement Yeat 1 –  Year 3

Revenue

Year 1

Year 2

Year 3

Sales

8,640,000

9,072,000

9,525,600

Cost of Good Sold

4,320,000

4,536,000

4,762,800

Gross Profit

4,320,000

4,536,000

4,762,800

1,956,000

1,956,000

1,956,000

Benefits

381,820

381,820

381,820

Utilities

107,500

107,500

107,500

Marketing and Promotion

40,000

40,000

40,000

Insurance

40,000

40,000

40,000

120,000

120,000

120,000

Total Expense

2,645,320

2,645,320

2,645,320

Net Income before Tax

1,674,680

1,890,680

2,117,480

Operating Expense Salary

Depreciation

Tax 30% Net Income after Tax

502,404 1,172,276

567,204 1,323,476

635,244 1,482,236

Lyceum of the Philippines Manila College of Business Administration

Projected Financial Position

The following is a projected Balance Sheet for Ahabah Incorporation. Ahabah Chocolate Incorporation Statement of Projected Financial Position As of End Year 1 Projected Financial Position Current Assets Cash

2,389,511

Accounts Receivable

3,240,000

Total Current Assets

5,629,511

Non-Current Asset Long term Assests Accumulated Depriciation Total Non-Current Term Assets

Total Assets

600,000 -120,000 480,000

6,109,511

Liabilities Salaries Payable

163,000

Benefits Payable

18,235

Current Liabilities

181,235

Long term Liabilities

1,000,000

Total Liabilities

1,181,235

Equity Share Capital

3,000,000

Retained Earning

1,928,276

Total Equity

4,928,276

Total Equity And Liabilities

6,109,511

Lyceum of the Philippines Manila College of Business Administration

Supporting Documents:

Manila: Population Density and Population of  Areas  Area Binondo

Population

Households

 Average Household Size

15,103

3,213

4.7

6,823

1,573

4.3

Intramuros

10,384

2,356

4.4

Malate

81,033

17,243

4.7

Paco

70,339

14,746

4.8

Pandacan

82,194

16,765

4.9

Port Area

15,883

3,539

4.5

Quiapo

25,177

5,720

4.4

395,111

83,565

4.7

San Miguel

21,267

4,524

4.7

San Nicolas

39,594

8,817

4.5

Santa Ana

183,306

38,499

4.8

Santa Cruz

118,903

25,175

4.7

Tondo

589,644

121,438

4.9

1,654,761

347,173

4.8

Ermita

Sampaloc

Total

Census of the Phillipines: 1995.09.01 City Density Population  Area in  Area in per Square Square Square Population Miles Kilometers Mile 1,654,761 14.7 38 112,872

http://webcache.googleusercontent.com/search?q=cache:http://www.demographia.com/db-manila-area.htm

Lyceum of the Philippines Manila College of Business Administration

Slovin's Formula Slovin's formula

- is used to calculate the sample size (n) given the population size (N) and a margin of error (e).

- it's a random sampling technique formula to estimate sampling size

-It is computed as n = N / (1+Ne2). whereas: n = no. of samples  N = total population e = error margin / margin of error

xhttp://prudencexd.weebly.com/

Lyceum of the Philippines Manila College of Business Administration

Financial Statement We projected that in a month we can produce atleast 30,000 units of chocolates and only 80% of it will be sold.

Year 1 Year 2 Year 3 10,800,000 11,340,000 11,880,000 5,400,000 5,670,000 5,940,000

Revenue Sales Cost of Good Sold Gross Profit

5,400,000

5,670,000

5,940,000

Operating Expense Salary Benefits Utilities Marketing and Promotion Insurance Depreciation Total Expense

1,956,000 381,820 107,500

1,956,000 381,820 107,500

1,956,000 381,820 107,500

40,000 40,000 120,000 2,645,320

40,000 40,000 120,000 2,645,320

40,000 40,000 120,000 2,645,320

Net Income before Tax

2,754,680

3,024,680

3,294,680

826,404 1,928,276

907,404 2,117,276

988,404 2,306,276

Tax 30% Net Income after Tax

Sales Product Price Monthly Production per unit Total Cost of Good Sold Production Cost Monthly Production per unit Total Salaries and Benefits Top Manager General Manager Finance Manager Marketing Manager Accountant Laborer (4x) Total

P30.00 30,000 unit 900,000

P15.00 30,000 unit 450,000

40,000 20,000 20,000

480,000 240,000 240,000

20,000 15,000 12,000

240,000 180,000 576,000 1,956,000

Expenses Elec. Bill Water Bill Landline+Internet Total

90,000 16,000 1,500 107,500

Lyceum of the Philippines Manila College of Business Administration

SSS 1,560 1,560 1,560 1,560 1,560 1,248

SSS per annum 18,720 18,720 18,720 18,720 18,720 62,400 156,000

PhilPhilHealth per Pagibig per an13th Month Health anum Pagibig num Pay 437.50 5250 800 9600 40,000 250 3000 400 4800 20,000 250 3000 400 4800 20,000 250 3000 400 4800 20,000 188 2250 300 3600 15,000 600 7200 960 11520 48,000 23700 39120 163000

Lyceum of the Philippines Manila College of Business Administration

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